Monster Beverage Co. (NASDAQ:MNST) Shares Bought by Graypoint LLC

Graypoint LLC lifted its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,487 shares of the company’s stock after purchasing an additional 314 shares during the quarter. Graypoint LLC’s holdings in Monster Beverage were worth $341,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. State Street Corp grew its position in Monster Beverage by 6.9% during the third quarter. State Street Corp now owns 33,742,390 shares of the company’s stock worth $1,760,341,000 after buying an additional 2,168,379 shares during the period. Loomis Sayles & Co. L P boosted its stake in shares of Monster Beverage by 4.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock worth $1,416,048,000 after acquiring an additional 1,229,789 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Monster Beverage by 109.3% in the 3rd quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock worth $1,176,913,000 after acquiring an additional 11,779,162 shares during the period. Geode Capital Management LLC increased its stake in Monster Beverage by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 15,728,086 shares of the company’s stock valued at $817,490,000 after purchasing an additional 473,418 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Monster Beverage by 18.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,898,127 shares of the company’s stock valued at $203,365,000 after purchasing an additional 596,078 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Down 3.6 %

MNST stock opened at $49.74 on Friday. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The company has a market cap of $48.37 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 2.52 and a beta of 0.74. The business has a fifty day simple moving average of $53.26 and a 200-day simple moving average of $51.27. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22.

Insiders Place Their Bets

In other news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of the sale, the chief financial officer now owns 74,924 shares of the company’s stock, valued at $3,944,748.60. This represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. BNP Paribas lowered their target price on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a report on Thursday, December 19th. Stifel Nicolaus boosted their price objective on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. UBS Group raised their target price on shares of Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Bank of America upped their price target on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $56.30.

Monster Beverage Profile

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.